Hitachi Announces Interim Dividend

PRESS RELEASE Businesswire

Sep. 17, 2008, 10:51 PM

Hitachi, Ltd. (NYSE:HIT)(TOKYO:6501) today announced that the Board of
Directors decided on a plan for the interim dividend for fiscal 2008.
The interim dividend is scheduled to be finally authorized by the Board
of Directors in late October this year.

The Interim Dividend

Fiscal Year Ending March 31, 2009

Record Date

September 30, 2008

Amount

3 Yen per share

Aggregate Amount

9,971 million yen*1

Effective Date (planned)

November 26, 2008

*1 The calculation of the aggregate
amount of interim dividend is

based on 3,323,839,248 shares, which deducted 44,286,808 shares

of treasury stock from total issued shares of 3,368,126,056 shares

as of September 10, 2008.

(Reference) Dividends for the fiscal year ended March 31, 2008

Interim dividend

Year-end dividend

Annual dividend

Dividends

3 yen per share

3 yen per share

6 yen per share

Cautionary Statement

Certain statements found in this document may constitute "forward-looking
statements” as defined in the U.S. Private
Securities Litigation Reform Act of 1995. Such "forward-looking
statements” reflect management’s
current views with respect to certain future events and financial
performance and include any statement that does not directly relate to
any historical or current fact. Words such as "anticipate,”"believe,”"expect,”"estimate,”"forecast,”"intend,”"plan,”"project” and
similar expressions which indicate future events and trends may identify "forward-looking
statements.” Such statements are based on
currently available information and are subject to various risks and
uncertainties that could cause actual results to differ materially from
those projected or implied in the "forward-looking
statements” and from historical trends.
Certain "forward-looking statements”
are based upon current assumptions of future events which may not prove
to be accurate. Undue reliance should not be placed on "forward-looking
statements,” as such statements speak only as
of the date of this document.

Factors that could cause actual results to differ materially from those
projected or implied in any "forward-looking
statement” and from historical trends
include, but are not limited to:

•exchange rate fluctuation for the yen and
other currencies in which Hitachi makes significant sales or in which
Hitachi’s assets and liabilities are
denominated, particularly against the U.S. Dollar and the euro;

•increases in the price of raw materials
including, without limitation, petroleum and other materials, such as
copper, steel, aluminum and synthetic resins;

•uncertainty as to Hitachi’s
ability to implement measures to reduce the potential negative impact of
fluctuations in product demand, exchange rate fluctuation and/or
increases in the price of raw materials;

•general socio-economic and political
conditions and the regulatory and trade environment of Hitachi’s
major markets, particularly Japan, Asia, the United States and Europe,
including, without limitation, a return to stagnation or a deterioration
of the Japanese economy, direct or indirect restrictions by other
nations on imports, or differences in commercial and business customs
including, without limitation, contract terms and conditions and labor
relations;

•uncertainty as to Hitachi’s
access to, or ability to protect, certain intellectual property rights,
particularly those related to electronics and data processing
technologies;

•uncertainty as to the outcome of
litigation, regulatory investigations and other legal proceedings of
which the Company, its subsidiaries or its equity method affiliates have
become or may become parties;

•the possibility of incurring expenses
resulting from any defects in products or services of Hitachi;

•uncertainty as to the success of
restructuring efforts to improve management efficiency and to strengthen
competitiveness;

•uncertainty as to the success of alliances
upon which Hitachi depends, some of which Hitachi may not control, with
other corporations in the design and development of certain key products;

•uncertainty as to Hitachi’s
ability to access, or access on favorable terms, liquidity or long-term
financing; and

•uncertainty as to general market price
levels for equity securities in Japan, declines in which may require
Hitachi to write down equity securities it holds.

The factors listed above are not all-inclusive and are in addition to
other factors contained in Hitachi’s
periodic filings with the U.S. Securities and Exchange Commission and in
other materials published by Hitachi.

About Hitachi, Ltd.

Hitachi, Ltd., (NYSE:HIT)(TOKYO:6501), headquartered in Tokyo, Japan, is
a leading global electronics company with approximately 390,000
employees worldwide. Fiscal 2007 (ended March 31, 2008) consolidated
revenues totaled 11,226 billion yen (USD 112.3 billion). The company
offers a wide range of systems, products and services in market sectors
including information systems, electronic devices, power and industrial
systems, consumer products, materials, logistics and financial services.
For more information on Hitachi, please visit the company's website at https://www.hitachi.com.

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